Best Home Loan Rates Singapore Jan 2026: Homejourney Comparison

The definitive guide to best home loan rates Singapore January 2026, with verified bank comparisons, eligibility calculators, and safe application via Homejourney.

Executive Summary

In January 2026, Singapore's lowest mortgage rate Singapore hits 1.35% fixed for qualifying private property loans over S$1M, while floating rates start at 1M SORA +0.25% (~1.36%).[1][2] Homejourney verifies these rates daily from DBS, OCBC, UOB, HSBC, Maybank and more, helping you compare safely without visiting multiple sites.[1][2]

Rates have dropped to 3-year lows due to SORA declines and global easing, making now ideal for new purchases or refinancing.[1][3] HDB loans remain at 2.6% fixed, but bank promos beat this for most borrowers.[1] Use Homejourney's bank rates page for live home loan rates comparison 2026 and instant eligibility checks.[1]

This pillar guide covers everything: current rates, HDB vs bank differences, TDSR rules, refinancing tips, and step-by-step application via Homejourney's secure Singpass system. Positioned as your trusted partner, Homejourney prioritizes user safety with verified data and transparent processes.[1][2]

Table of Contents

• Current Best Home Loan Rates January 2026
• Understanding SORA and Rate Trends
• HDB Loans vs Bank Loans
• Detailed Bank Rate Comparison Tables
• TDSR, MSR and Borrowing Power
• Refinancing Guide for 2026
• How to Apply via Homejourney
• Real Examples and Calculators
• FAQ

Current Best Home Loan Rates Singapore January 2026

As of January 2026, promotional fixed rates start at 1.35% for 2-year fixed on resale condos and landed properties (min S$500K-S$1M loan).[1][2][4] Floating options lead with 1M SORA +0.25%, equating to about 1.36% based on recent SORA averages.[1][2][9]

These beats HDB's 2.6% fixed rate, driving high refinancing demand—DBS alone saw 13x uptake on HDB promos.[1] Conditions include good credit, TDSR compliance, and often cash rebates up to S$2,800.[2] Homejourney's platform aggregates these from partner banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, and Citibank for one-stop bank rate comparison January 2026[1][2]

Pro tip: Larger loans (S$1M+) unlock the absolute lowest margins. Track live updates on Homejourney bank rates to time your application.[1]

Understanding SORA and Rate Trends

SORA (Singapore Overnight Rate Average) is the key benchmark for most Singapore home loans, calculated daily by MAS as the volume-weighted average of unsecured overnight interbank SGD loans.[9] Unlike fixed rates, SORA-based loans (e.g., 3M SORA + margin) adjust monthly or quarterly, offering transparency over older FIX rates.[1][9]

The chart below shows recent interest rate trends in Singapore:

As visible, SORA has fallen sharply to 3-year lows around 1.1%, halved from 2025 peaks due to MAS easing and global rate cuts.[1][3][5] Expect Q1 2026 stability, but volatility could rise with US Fed moves—monitor via Homejourney's real-time tracker.[1]

Fixed vs floating: Fixed promos (1.35-1.75%) lock rates for 1-3 years, ideal for risk-averse buyers; SORA suits those betting on further declines.[1][2] For deeper analysis, see our related post Best Home Loan Rates Singapore Jan 2026: Bank Comparison Guide | Homejourney .

HDB Loans vs Bank Loans: Key Differences

HDB loans provide stability at 2.6% fixed (0.1% above CPF OA rate), capped by MSR (30% of income) and eligibility rules like no prior ownership and income ceilings (e.g., S$14K/month for 4-room flats).[1] Irrevocable once taken, they're safest for low-risk, first-time HDB buyers.

Bank loans offer lower rates (1.35-1.75%) but float with SORA, under TDSR (60% debt-to-income).[1][2] Better for private properties, investors, or high earners. Homejourney helps decide with side-by-side tools.

Insider tip: If eligible for both, banks win on cost unless you prioritize zero adjustments.[1]

Detailed Bank Rate Comparison Tables January 2026

Homejourney verifies rates from all major banks daily. Focus on promos for new buys/refis (min S$500K).[1][2]

Best Fixed Rates for Private Properties (Resale Condo/Landed)

Best Floating SORA Rates

For HDB refis, look for 1.55% fixed promos.[1] Full details and custom quotes on Homejourney.

TDSR, MSR and Borrowing Power

TDSR (Total Debt Servicing Ratio) limits total debt payments to 60% (55% for some) of gross income; MSR for HDB is 30%.[1] Example: S$10K monthly household income maxes TDSR at S$5.5K-6K servicing, borrowing ~S$1.8M at 1.5% over 30 years.[2]

CPF can cover up to eligibility limits (e.g., S$60K/family nucleus for first HDB). Stamp duties: ABSD 0-65% based on status.[1] Test your power with Homejourney's free calculator at mortgage calculator.[1]

Refinancing Guide for 2026

Refi if current rate >1.75%—e.g., S$800K loan from 3% to 1.5% saves S$1,200/month (S$14K/year).[2] Costs: S$2-3K legal/valuation, offset by rebates.[1] No penalty after lock-in (1-3 years).

Best time: January promos post-year-end refresh. See Cooling Measures 2026: Financing FAQs | Homejourney for cooling measure impacts. Homejourney simplifies with multi-bank submissions.

How to Get Best Rates via Homejourney: Step-by-Step

1. Compare Rates: Visit bank-rates for live best mortgage rate January 2026 from all banks.[1]
2. Calculate Eligibility: Use built-in tool with Singpass for instant TDSR/affordability.[1]
3. Apply Once: One form to DBS, OCBC, etc. Auto-fills via MyInfo (3 mins).[2]
4. Compare Offers: Track 3-7 day in-principle approvals on dashboard.[2]
5. Secure Best Deal: Accept with rebates; disburse post-OTP.[1]

Singpass verifies income/CPF instantly for faster, safer approvals. Pair with property search for budget matches.

Real Examples and Savings Calculations

Example 1: S$1.2M condo, S$12K income family. Bank loan S$900K at 1.45% (30yr): Monthly ~S$3.9K (within TDSR). Vs HDB 2.6%: S$4.9K—saves S$1K/month.[1][2]

Example 2 (Refi): S$600K HDB at 3% to 1.55%: EMI drops S$800/month. Total savings S$288K over tenure.[2]

Original insight: With 2026 cooling measures tightening LTV to 70-90%, prioritize low-rate banks early. Link to projects via Projects for maintenance-ready homes.[1]

Frequently Asked Questions

What is the lowest home loan rate in Singapore January 2026?

Promo fixed at 1.35% (S$1M+ loans); 1M SORA +0.25% (~1.36%). Verify on Homejourney.[1][2]

HDB or bank loan: Which is better in 2026?

Bank for rates under 2.6%; HDB for stability if MSR-capped.[1]

How does TDSR affect my borrowing?

Limits debt to 55-60% income. S$10K income: ~S$1.8M max at 1.5%.[2]

Can I refinance HDB loans?

Yes, to banks if better rates; check lock-in.[1]

What documents for Homejourney application?

Singpass auto-fills NRIC, income, CPF—no uploads needed initially.[2]

How to track SORA rates?

Use Homejourney's live tracker or MAS site.[9]

Are there fees for using Homejourney?

No—free comparison and broker connections. Banks pay referral.[1]

Disclaimer: Rates change daily; not financial advice. Consult professionals. Homejourney verifies data for safety but confirm with banks.

Ready for the best rates? Start at Homejourney bank rates, calculate, apply securely, and find properties at property search. Your safe path to homeownership starts here.

References